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The Smart Grid by Math Bollen

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CHAPTER 5

Market Incentives

In this chapter, we will discuss the different methods in which network users can become active in the various electricity markets. The emphasis will be here on incentive mechanisms for customers to adapt their production or consumption to the needs of the grid. The general term “demand response” is used for that, as different from curtailment as was discussed in Section 4.4. With demand response, any decision to reduce or increase production or consumption is up to the network user to make; other stakeholders (network operators, retailers, etc.) can influence that decision by changing the price or tariff, but the ultimate decision is made by the network user.

We will give an brief description of the main electricity ...

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